Search

407 ETR Announces 2013 Rate Schedule

TORONTO, Dec. 31, 2012 /CNW/ - 407 ETR announced the following rate
changes that will come into effect on February 1, 2013:

The Peak Period toll rate for light vehicles travelling in the Regular
Zone between the QEW (in Burlington) and Highway 410 and from Highway
427 and Brock Road will be 26.20 cents per kilometre. The Peak Period
is weekdays from: 6 a.m. to 7 a.m., 9 a.m. to 10 a.m., 3 p.m. to 4 p.m.
and 6 p.m. to 7 p.m.

The Peak Hours toll rate for light vehicles travelling in the Regular
Zone between the QEW (in Burlington) and Highway 410 and from Highway
427 and Brock Road will be 27.20 cents per kilometre. Peak Hours are
weekdays from 7 a.m. to 9 a.m. and 4 p.m. to 6 p.m.

The Peak Period toll rate for light vehicles travelling in the Light
Zone between Highway 410 and Highway 427 will be 24.90 cents per
kilometre (25.85 cents per kilometre during Peak Hours).

The Weekday Midday toll rate for light vehicles travelling any part of
the highway will be 22.70 cents per kilometre. The Midday toll rate
applies on weekdays from 10 a.m. to 3 p.m.

The Weekend and Holiday Midday toll rate for light vehicles travelling
any part of the highway will be 21 cents per kilometre. The Weekend
and Holiday Midday toll rate applies on Saturday, Sunday and Holidays
from 11 a.m. to 7 p.m.

The Off Peak Period toll rate for light vehicles travelling any part of
the highway will remain 19.35 cents per kilometre. Off Peak hours are
weekdays from 7 p.m. to 6 a.m. and Saturday, Sunday and Holidays from 7
p.m. to 11 a.m.

"Customers continue to recognize that using 407 ETR is the best choice
for saving time and money when commuting to work or home across the
GTA," said Jose Tamariz, 407 ETR President and Chief Executive
Officer. "We provide customers with a fast, safe and reliable trip and
using 407 ETR means reducing the environmental impact of driving by
using less fuel and travelling at safe and consistent speeds along a
very well maintained route."

407 ETR continues to invest in expansion to meet the needs of customers
and the GTA. In 2013, 407 ETR will continue expansion of the highway
and start work on a new lane in each direction between Highway 400 and
Highway 427 that will open in 2014. In 2012, 407 ETR opened a new lane
in each direction between Highway 400 and Highway 404. In 2011, 407
ETR opened a new lane in each direction between Highway 401 and
Trafalgar Road.

Since 1999, the company has invested over $1.2 billion to expand and
maintain the highway. When 407 ETR first started operating the highway
in 1999, the company immediately set to work completing both the
western and eastern extensions of the highway (40 kilometres in total)
and since then has expanded the highway adding over 200 kilometres of
new lanes. The cost of all highway extensions and expansions, along
with the cost of maintaining the roadway and equipment, snow-clearing
and policing has been done through tolls without the use of any
government funds whatsoever.

407 ETR continues to provide customers excellent service and account
management options through the www.407etr.com website. 407 ETR offers customers the environmentally friendly choice
of paperless billing and also offers customers pre-authorized payment
options. 407 ETR customers can save money by leasing a transponder on
an annual basis. The annual lease rate remains $21.50. A transponder
pays for itself after only 6 trips per year on the highway. In
addition, the company is continuing its "no sign-up" required 407 ETR
Rewards Program that has already offered customers more than $65
million in free kilometres and fuel savings.

For details regarding toll rate changes for different vehicle types,
times of day and sections of the highway and other fee changes, please
see the attached chart or visit www.407etr.com.